MSP Recovery (NASDAQ:MSPR) Announces Quarterly Earnings Results

MSP Recovery (NASDAQ:MSPR) released its quarterly earnings data on Wednesday. The company reported ($132.71) EPS for the quarter, Zacks reports. MSP Recovery had a negative net margin of 4,375.62% and a negative return on equity of 326.80%.

MSP Recovery Stock Down 8.2%

NASDAQ MSPR traded down $0.04 during trading hours on Wednesday, hitting $0.45. 1,628,025 shares of the company were exchanged, compared to its average volume of 8,158,370. MSP Recovery has a 52 week low of $0.20 and a 52 week high of $28.84. The stock has a 50-day moving average price of $0.98 and a 200 day moving average price of $5.47. The stock has a market cap of $634,500.00, a PE ratio of 0.00 and a beta of -2.58.

Institutional Trading of MSP Recovery

An institutional investor recently bought a new position in MSP Recovery stock. Corient Private Wealth LLC acquired a new position in shares of MSP Recovery, Inc. (NASDAQ:MSPR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 97,924 shares of the company’s stock, valued at approximately $136,000. Corient Private Wealth LLC owned 1.19% of MSP Recovery as of its most recent SEC filing. Institutional investors and hedge funds own 3.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on MSPR. Wall Street Zen lowered MSP Recovery to a “strong sell” rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of MSP Recovery in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

MSP Recovery Company Profile

MSP Recovery, Inc engages in the development of healthcare recoveries and data analytics software. It also focuses on the identification and recoveries of improper payments made by Medicare, Medicaid, and commercial insurance spaces using data and analytics. The company was founded by John H. Ruiz, Frank C.